Feagin Company planned to produce 35,200 units of product during the current month. In order to produce this level of output, the standard costing system predicts the use of 140,800 feet of material at a standard rate of $3.00 per foot. The standard costing system would anticipate 52,800 direct labor hours at a standard rate is $7.00 per hour. Finally, the standard (predetermined) variable overhead rate is $2.00 per direct labor hour based on the standard number of direct labor hours for this production level. Assume Feagin achieved the projected output of 35,200 units by incurring the following actual costs for the month:

Determine Feagin Companys total flexible budget variance for the month. Indicate whether the variance is favorable (F) or unfavorable (U).

\begin{tabular}{|l|r|} \hline Direct materials & $417,600 \\ \hline Direct labor & 420,000 \\ \hline Variable overhead & 100,800 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Direct materials & $417,600 \\ \hline Direct labor & 420,000 \\ \hline Variable overhead & 100,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & & & & Total Flexible & \\ \hline & \begin{tabular}{l} Actua \\ Costs \end{tabular} & & \begin{tabular}{l} Standard \\ Costs \end{tabular} & & Budget Variances & \begin{tabular}{c} F or \\ U \end{tabular} \\ \hline Direct materials & $ & & $ & $ & 0 & \\ \hline Direct labor & & & & & 0 & ^ \\ \hline Variable overhead & & & & & 0 & \\ \hline Total & $ & 0 & $ & $ & 0 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & & & & Total Flexible & \\ \hline & \begin{tabular}{l} Actua \\ Costs \end{tabular} & & \begin{tabular}{l} Standard \\ Costs \end{tabular} & & Budget Variances & \begin{tabular}{c} F or \\ U \end{tabular} \\ \hline Direct materials & $ & & $ & $ & 0 & \\ \hline Direct labor & & & & & 0 & ^ \\ \hline Variable overhead & & & & & 0 & \\ \hline Total & $ & 0 & $ & $ & 0 & \\ \hline \end{tabular}